Question
Sales and Production Budgets Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare
Sales and Production Budgets
Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget:
| Rumble | Thunder | ||
| Estimated inventory (units), June 1 | 241 | 64 | |
| Desired inventory (units), June 30 | 277 | 56 | |
| Expected sales volume (units): | |||
| North Region | 2,700 | 3,000 | |
| South Region | 5,200 | 4,500 | |
| Unit sales price | $135 | $195 |
Question Content Area
a. Prepare a sales budget.
| Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales |
| Model Rumble: | |||
| North Region | fill in the blank f698d706b054ffd_1 | $fill in the blank f698d706b054ffd_2 | $fill in the blank f698d706b054ffd_3 |
| South Region | fill in the blank f698d706b054ffd_4 | fill in the blank f698d706b054ffd_5 | fill in the blank f698d706b054ffd_6 |
| Total | fill in the blank f698d706b054ffd_7 | $fill in the blank f698d706b054ffd_8 | |
| Model Thunder: | |||
| North Region | fill in the blank f698d706b054ffd_9 | $fill in the blank f698d706b054ffd_10 | $fill in the blank f698d706b054ffd_11 |
| South Region | fill in the blank f698d706b054ffd_12 | fill in the blank f698d706b054ffd_13 | fill in the blank f698d706b054ffd_14 |
| Total | fill in the blank f698d706b054ffd_15 | $fill in the blank f698d706b054ffd_16 | |
| Total revenue from sales | $fill in the blank f698d706b054ffd_17 |
Question Content Area
b. Prepare a production budget.
| Units Model Rumble | Units Model Thunder | |
| Expected units to be sold | fill in the blank b8d02002c008f87_1 | fill in the blank b8d02002c008f87_2 |
| Less desired inventory, June 30Less estimated inventory, June 1Plus desired inventory, June 30Plus estimated inventory, June 1 | - Select - | - Select - |
| Total units required | fill in the blank b8d02002c008f87_6 | fill in the blank b8d02002c008f87_7 |
| Less desired inventory, June 30Less estimated inventory, June 1Plus desired inventory, June 30Plus estimated inventory, June 1 | - Select - | - Select - |
| Total units to be produced | fill in the blank b8d02002c008f87_11 | fill in the blank b8d02002c008f87_12 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditing Theory And Practice
Authors: C. William Thomas, Bart Ward, Emerson Henke
3rd Edition
0534920748, 978-0534920746
